Hyundai to Supply Canal Valves

South Korea's Hyundai Heavy Industries will provide the valves for the new Panama Canal locks.

Friday, October 1, 2010

Hyundai signed a contract with Grupo Unidos por el Canal (GUPC), under which Hyundai will design, provide materials, build and install these components for the new locks.

These valves are located at the gates and water basins.

More on this topic

Canal Locks to Come From Italy

May 2011

The Italian company Cimolai will manufacture the gates for the new Panama Canal locks.

The 16 twenty eight foot gates that make up the locks of the new Panama Canal will be built by an Italian company that was subcontracted by Grupo Unidos por el Canal, led by the Spanish company Sacyr Vallehermoso.

Canal Locks Construction at 10%

February 2011

The construction of the new set of locks is 10% completed.

The announcement was made by Antonio Zaffaroni, director of United Group Channel Consortium, the project developer.

"We are placing the concrete which will remain at the foundations of the locks in the Pacific and Atlantic," the executive told Prensa.com.

August 25th: Key Date for the Canal

August 2009

The Panama Canal Authority ordered consortium "Grupo Unidos por el Canal" the start of construction works.

In the issued order, "GUPC is told that works must begin on August 25th, 2009. From that date on, the consortium has 1.883 days to deliver the project".

"Grupo Unidos por el Canal" is composed by Sacyr Vallehermoso S.A.

Canal Works to Start in September

August 2009

Before August 19, the Panama Canal Authority will order for starting construction of the third set of locks of the Panama Canal.

7 days after the Canal Authority gives the order, the consortium "Grupo Unidos por el Canal" (GUPC), will have 1.883 days to complete the project.

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